The University of Michigan Consumer Confidence Index reached a 29-month high in June of 75.5, an increase of almost two full points from 73.6 in May, and the highest reading since January 2008 of 78.4 in the second month of the recession. The recovery in consumer confidence through June is consistent with the pattern of consumer confidence levels following the recessions of 1980, 1981-1982, and 1990-1991. See Bloomberg report here.
No comments:
Post a Comment